Good morning Suran,
thanks for showing this. I am trying to give my input.
Dec16 and first quarter 2017 Price found support at a resistance-level. From that point of time the BB is an uptrend.I would agree with you that it looks like the hammer of the former month could stopp the down-swing in this uptrend.
We also had the hammer 6 weeks ago. Price seems to close above all EMA (knowing that we don't trade EMA crossings) and above the WCC, too. So for me the B is also sending bullish signals. But I agree with you that we have to wait until the candle has closed.
Price is actually above all EMA. Also above restistance of 1,1750, which we tested a few time in the last days. Lets see on what level we close today. I also wold like to see the Strat shadow green, what would mean that Price should stay at this level or above for a few days.
Greetings, Malu
thanks for showing this. I am trying to give my input.
DislikedEUR/USD a chart to watch ? BIG BOSS Last month hits a Hammer at BIG BOSS support zone. Now it looks trying to break long. {image}Ignored
DislikedBOSS. Price looks like broke above the Strat Shadow resistance and downward trend line. Lets wait for weekly close to see whats happening. {image}Ignored
DislikedWorker Price broke above downward resistance line (looks like this resistance there from (09/2017). But importantly it closed above strat shadow.{image} Verdict => eventhough all looks like Bullish lets wait to see price comes back and retest strat shadow (or retest the trend line) and gives us a PA candle. SurangaIgnored
Greetings, Malu
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